Pet products supplier Chewy (NYSE: CHWY) surpassed bottom and topline estimates for the second quarter of 2020. The company’s loss narrowed to 8 cents per share in Q2 from $0.21 in the prior-year quarter. Sales rose 47% to $1.7 billion. CHWY stock was up about 2% in the extended trading hours.
The key revenue drivers in the quarter were a 37.9% year-over-year increase in active customers and a 3.2% increase in net sales per active customer,
For the third quarter of fiscal 2020, Chewy expects sales to be between $1.70 billion and $1.72 billion, representing year-over-year growth of 38% to 40%.
For fiscal 2020, Chewy lifted its previously announced sales guidance. The company now expects FY20 sales to be between $6.775 billion and $6.825 billion compared to the previous sales outlook of $6.55 billion to $6.65 billion.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock